Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

Accountability to Shareholders, Transparency, and Governance that Embraces Diverse Values Are Needed

The Problem of the Effectiveness of Independent Directors: A History of the “Evolution” of Formalism

Investors Are Trying to Assess a Company Through Price Pass-Through

What Factors Have Raised Stock Valuations over the 2 Years and 8 Months Since the TSE's Request?

The Effectiveness of BOD Is the Most Critical Factor in Implementing Initiatives that Create Value

Since This Revision Solely Seeks Substantive Enhancement, Achieving Effectiveness Will Be Difficult

Improving Capital Profitability Requires Bridging Gaps Understanding Between Managers and Investors

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>As long as foreign investors continue to account for a large portion of trading volume on the Tokyo market, large-cap stocks with high trading liquidity are likely to continue outperforming.</li>
<li>Whether the cash for investment comes from internal funds, equity, or debt financing, the expansion of free cash flow is a fundamental prerequisite for increasing corporate value.</li>
<li>A growing number of companies are increasing their free cash flow to boost corporate value and market capitalization. While it takes time, positive signs are beginning to emerge.</li>
</ul>


As long as foreign investors continue to account for a large portion of trading volume on the Tokyo market, large-cap stocks with high trading liquidity are likely to continue outperforming.
Whether the cash for investment comes from internal funds, equity, or debt financing, the expansion of free cash flow is a fundamental prerequisite for increasing corporate value.
A growing number of companies are increasing their free cash flow to boost corporate value and market capitalization. While it takes time, positive signs are beginning to emerge.


Although It'll Take Time, There's No Need to Be Pessimistic if Management Reform Is Finally Underway

TSE Tokyo Price Index TOPIX

Although It'll Take Time, There's No Need to Be Pessimistic if Management Reform Is Finally Underway